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USDA's Commodity Costs and Returns data projects record production costs for every major field crop in 2027. USDA raised fertilizer cost estimates by about 10% for 2026 and 14% for 2027 compared with its June forecast, citing Russia-Ukraine, Iran and Strait of Hormuz disruptions.
Projected per-acre costs are highest for rice at $1,472, followed by peanuts, cotton, corn at $984, soybeans at $714 and wheat at $446.
Higher fertilizer and input costs could push farmers to shift acreage or cut application rates, which affects future crop supply. Sustained cost pressure also supports feed prices over the longer term.
michiganfarmnews.comFarm News MediaNov 13, 2026After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
